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Council acknowledges potential $1M LGIP draw and lodging-tax invoice reimbursement for Mt Adams Chamber
Summary
Council acknowledged staff’s plan to potentially draw up to $1 million from LGIP funds for cash-flow purposes to cover upcoming A19 reimbursements and acknowledged a future budget amendment to pay a 2025 lodging-tax reimbursement to the Mt Adams Chamber of Commerce; the lodging-tax total was not specified at the meeting.
During staff reports on Feb. 4, Director of Finance and Operations Jennifer Neil asked Council to acknowledge two items without formal action: a potential temporary draw of up to $1 million from local government investment pool (LGIP) funds to manage cash flow for upcoming A19 reimbursements, and a pending budget amendment to allow payment of 2025 lodging-tax reimbursement invoices to the Mt Adams Chamber of Commerce.
Director Neil said the LGIP draw would be short-term and replenished through reimbursements and estimated the interest cost at about $3,200 per month. Council Member Doug Rainbolt asked about the lodging-tax reimbursement amount; Director Neil said the reimbursement had been approved in the 2025 grant awards but the total was not available at the meeting. City Attorney Shawn MacPherson confirmed no formal Council action was required at this time and that any budget amendment would be brought forward through the normal process.
Separately, during public comment Mt Adams Chamber representative Tammara Tippel apologized for an invoicing error that left a 2025 lodging-tax invoice in draft and asked the Council to allow a one-time budget adjustment to pay the awarded lodging-tax funds. Tippel said invoicing procedures have been improved to prevent recurrence.
